Paluck Technologies IPO Subscription Day 1: Issue Subscribed 18.18 Times

Mumbai, August 28: Paluck Technologies IPO got a strong response from investors on its opening day, with the issue already subscribed more than 18 times by the end of Day 1. The ₹33 crore IPO opened for subscription on August 28 and will remain open until September 1, 2026.

The demand was spread across the major investor categories. QIB (Ex Anchor) investors had subscribed 10.49 times their reserved portion, while individual investors had put in bids for 5.70 times the shares available to them. The NII portion was subscribed 1.93 times.

Overall, investors had placed bids for 2,86,38,000 shares against 15,75,000 shares available for subscription, taking the issue’s Day 1 subscription to 18.18 times.

Paluck Technologies has fixed its price band at ₹46 to ₹48 per share. With a lot size of 3,000 shares, the minimum investment for an individual investor works out to ₹2.88 lakh at the upper end of the price band.

Paluck Technologies IPO Subscription Details

The Paluck Technologies IPO is a ₹33 crore bookbuilding issue and consists entirely of a fresh issue of 68.76 lakh shares.

The IPO opened on August 28 and will close on September 1. The company is proposing to list its shares on the BSE SME platform, with September 4, 2026, set as the tentative listing date.

The price band is ₹46 to ₹48 per share, while investors can bid in lots of 3,000 shares.

Of the issue, 32.64 lakh shares have been set aside for QIBs, 9.81 lakh shares for NIIs and 22.86 lakh shares for individual investors. Another 3.45 lakh shares are reserved for the market maker.

Paluck Technologies IPO Subscription Status

The IPO received bids for 2,86,38,000 shares against 15,75,000 shares offered to the public on Day 1. This resulted in an overall subscription of 18.18 times.

QIB (Ex Anchor) investors bid for 1,37,25,000 shares against 13,08,000 shares available in the category. The segment was subscribed 10.49 times.

Individual investors put in bids for 1,30,20,000 shares against 22,86,000 shares on offer. Their portion was subscribed 5.70 times.

The NII category received bids for 18,93,000 shares against 9,81,000 shares available, resulting in a subscription of 1.93 times.

Among NIIs, applications above ₹10 lakh were subscribed 1.49 times, while the portion for applications below ₹10 lakh saw 2.82 times subscription.

The IPO had received 2,320 applications in the Day 1 update.

Day-wise Subscription Details

The first-day response has been encouraging, but the subscription numbers can still change significantly because the IPO remains open for the next few days.

QIBs currently account for the strongest institutional demand at 10.49 times, while individual investors have also shown solid interest with 5.70 times subscription.

The IPO will remain open until September 1, so these figures should not be treated as the final subscription numbers.

Paluck Technologies IPO Lot Size

Investors need to apply for at least 6,000 shares, which is equivalent to two lots. At ₹48 per share, the minimum investment comes to ₹2,88,000.

Applications can be increased in multiples of 3,000 shares. For S-HNI investors, the minimum application is three lots, or 9,000 shares.

About Paluck Technologies Ltd.

Paluck Technologies Ltd. was incorporated in 2010 and provides engineering services and infrastructure support across several business areas. Its operations include automobile and engineering services, construction equipment rentals, logistics and fleet management, and telecom engineering services.

The company provides equipment and support for infrastructure projects, including concrete transportation, equipment rentals and RMC plant setup. Its fleet consists of more than 190 specialised vehicles, including transit mixers, logistics trucks and concrete pump units.

Paluck Technologies works with infrastructure developers, EPC contractors and cement manufacturers across Delhi NCR, Rajasthan, Haryana, Madhya Pradesh, Gujarat, Odisha and Jammu & Kashmir.

The company also uses digital monitoring systems connected with ERP, SAP and GPS tracking to manage its fleet and operations.

Paluck Technologies IPO Key Dates

The Paluck Technologies IPO opened on August 28 and will remain open until September 1, 2026. The tentative allotment date is September 2.

Refunds are expected to be processed on September 3, with shares likely to be credited to successful applicants on the same day. The tentative BSE SME listing is scheduled for September 4.

Conclusion

Paluck Technologies IPO has made a strong start, with the ₹33 crore issue attracting 18.18 times subscription on Day 1. QIB (Ex Anchor) investors have led the response at 10.49 times, followed by individual investors at 5.70 times and NIIs at 1.93 times.

The important point is that the IPO is still open. Investors have until September 1 to place their bids, so the subscription figures could move quite a bit before the final numbers are available.

For now, the Day 1 response shows healthy demand across the investor categories, particularly from QIBs and individual investors.

Source:

• https://www.bseindia.com/markets/publicissues/displayipo?id=4773&type=IPO&idtype=1&status=L&IPONo=7919&startdt=28%2F08%2F2026